Vissers: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Vissers
Largest movements
- Receivables within one year -€29,088
down €29,088 (-22.2%), from €131,186 to €102,098
of which Trade receivables: -€26,111
- Stocks and contracts +€24,724
up €24,724 (+9.8%), from €253,032 to €277,756
- Tangible fixed assets -€20,745
down €20,745 (-30.2%), from €68,634 to €47,889
of which Land and buildings: -€10,866
- Cash +€14,176
up €14,176 (+25.8%), from €54,922 to €69,098
mainly Receivables within one year (+€29,088) and Depreciation (+€23,490)
- Current investments +€12,345
up €12,345 (+24.1%), from €51,250 to €63,595
- Reserves +€20,303
up €20,303 (+16.6%), from €122,416 to €142,718
- Other debts -€16,347
down €16,347 (-7.0%), from €235,042 to €218,695
- Accrued charges and deferred income +€15,857
new in 2025: €15,857
- Debts after one year -€9,584
down €9,584 (-32.4%), from €29,586 to €20,002
- Staff costs -€16,667
down €16,667 (-39.2%), from €42,550 to €25,884
- Financial charges +€15,644
up €15,644 (+1,524%), from €1,026 to €16,671
- Gross operating margin +€12,031
up €12,031 (+14.1%), from €85,075 to €97,106
- Taxes +€3,265
up €3,265 (+55.7%), from €5,865 to €9,130
- Write-downs +€1,341
new in 2025: €1,341
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €562,742 | €562,674 | -€69 | 0.0% |
| Fixed assets | 21/28 | €68,634 | €47,889 | -€20,745 | -30.2% |
| Tangible fixed assets | 22/27 | €68,634 | €47,889 | -€20,745 | -30.2% |
| Land and buildings | 22 | €46,584 | €35,717 | -€10,866 | -23.3% |
| Furniture and vehicles | 24 | €14,063 | €10,159 | -€3,905 | -27.8% |
| Leasing and similar rights | 25 | €7,986 | €2,013 | -€5,973 | -74.8% |
| Current assets | 29/58 | €494,109 | €514,785 | +€20,676 | +4.2% |
| Stocks and contracts in progress | 3 | €253,032 | €277,756 | +€24,724 | +9.8% |
| Stocks | 30/36 | €253,032 | €277,756 | +€24,724 | +9.8% |
| Amounts receivable within one year | 40/41 | €131,186 | €102,098 | -€29,088 | -22.2% |
| Trade receivables | 40 | €128,209 | €102,098 | -€26,111 | -20.4% |
| Other amounts receivable | 41 | €2,976 | - | -€2,976 | |
| Current investments | 50/53 | €51,250 | €63,595 | +€12,345 | +24.1% |
| Cash at bank and in hand | 54/58 | €54,922 | €69,098 | +€14,176 | +25.8% |
| Deferred charges and accrued income | 490/1 | €3,719 | €2,237 | -€1,482 | -39.8% |
| Total equity and liabilities | 10/49 | €562,742 | €562,674 | -€69 | 0.0% |
| Equity | 10/15 | €223,966 | €244,269 | +€20,303 | +9.1% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €122,416 | €142,718 | +€20,303 | +16.6% |
| Distributable reserves | 133 | €122,416 | €142,718 | +€20,303 | +16.6% |
| Profit (loss) carried forward | 14 | €21,551 | €21,551 | = | 0.0% |
| Amounts payable | 17/49 | €338,776 | €318,405 | -€20,372 | -6.0% |
| Amounts payable after more than one year | 17 | €29,586 | €20,002 | -€9,584 | -32.4% |
| Financial debts | 170/4 | €29,586 | €20,002 | -€9,584 | -32.4% |
| Amounts payable within one year | 42/48 | €309,190 | €282,546 | -€26,644 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €13,113 | €9,584 | -€3,529 | -26.9% |
| Trade debts | 44 | €44,204 | €39,556 | -€4,647 | -10.5% |
| Suppliers | 440/4 | €44,204 | €39,556 | -€4,647 | -10.5% |
| Taxes, remuneration and social security | 45 | €16,831 | €14,710 | -€2,120 | -12.6% |
| Taxes | 450/3 | €10,858 | €11,795 | +€937 | +8.6% |
| Remuneration and social security | 454/9 | €5,973 | €2,916 | -€3,057 | -51.2% |
| Other amounts payable | 47/48 | €235,042 | €218,695 | -€16,347 | -7.0% |
| Accrued charges and deferred income | 492/3 | - | €15,857 | +€15,857 | |
| Remuneration, social security and pensions | 62 | €42,550 | €25,884 | -€16,667 | -39.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,273 | €23,490 | +€217 | +0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,341 | +€1,341 | |
| Other operating charges | 640/8 | €4,400 | €4,557 | +€157 | +3.6% |
| Gross operating margin | 9900 | €85,075 | €97,106 | +€12,031 | +14.1% |
| Operating profit (loss) | 9901 | €14,851 | €41,833 | +€26,982 | +182% |
| Financial income | 75/76B | €3,864 | €4,271 | +€407 | +10.5% |
| Recurring financial income | 75 | €3,864 | €4,271 | +€407 | +10.5% |
| Financial charges | 65/66B | €1,026 | €16,671 | +€15,644 | +1,524% |
| Recurring financial charges | 65 | €1,026 | €16,671 | +€15,644 | +1,524% |
| Profit (loss) for the period before taxes | 9903 | €17,688 | €29,433 | +€11,745 | +66.4% |
| Income taxes | 67/77 | €5,865 | €9,130 | +€3,265 | +55.7% |
| Profit (loss) for the period | 9904 | €11,823 | €20,303 | +€8,480 | +71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,823 | €20,303 | +€8,480 | +71.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.